CONSOL Energy

Feb 09, 2021

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Dec 31, 2020

CONSOL Energy Q4 2020 Earnings Report

CONSOL Energy reported financial and operating results.

Key Takeaways

CONSOL Energy Inc. reported its financial results for Q4 2020, highlighting a challenging year due to weakened commodity markets from the COVID-19 pandemic, but expressing satisfaction with managing through the situation and positioning for future success. The company amended its credit agreement, reduced costs, and secured new business, while also reducing debt by $86 million in 2020.

Net leverage ratio of 2.5x as of December 31, 2020.

Secured more than 10 million tons of future business under term and spot contracts during 2020 for deliveries in 2021 and beyond.

Made payments of $86 million on outstanding debt in 2020.

Bailey Preparation Plant, CONSOL Marine Terminal (CMT) and Itmann project each had ZERO recordable incidents during the fourth quarter and full year of 2020.